# Carval CLO Management LLC

> Carval CLO Management LLC is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 2024, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 25, 2026.

- CRD: 298135
- Filed as: CARVAL CLO MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: September 25, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/298135
- AdvisorCensus page: https://advisorcensus.com/firm/carval-clo-management-llc-minneapolis-mn-298135

## Quick answers

**How is Carval CLO Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Carval CLO Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Carval CLO Management LLC located?**
Carval CLO Management LLC's principal office is in Minneapolis, MN, according to its Form ADV; the October 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Carval CLO Management LLC registered with the SEC or a state?**
Carval CLO Management LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 298135.

**How much does Carval CLO Management LLC manage?**
Carval CLO Management LLC reports $7,304,940,802 in regulatory assets under management in its Form ADV filing dated September 25, 2026 (100% discretionary).

**How have Carval CLO Management LLC's assets and staff changed since 2024?**
In the Form ADV data for Carval CLO Management LLC: Regulatory assets under management: $4,918,360,031 in the October 2024 data and $7,304,940,802 in the October 2026 data, up 49%. Total employees: 1 in October 2024 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Carval CLO Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (17).

**Does Carval CLO Management LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/298135

**What changed in Carval CLO Management LLC's recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $7,304,940,802
- Discretionary: $7,304,940,802
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 17 | $7,304,940,802 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2024 (2 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- London
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- abcarval.com/us/en-us/investors/home.html
- LinkedIn @carval-investors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $4,918,360,031 | 1 | September 3, 2024 |
| October 2025 | $6,388,135,689 | 1 | July 1, 2025 |
| October 2026 | $7,304,940,802 | 1 | September 25, 2026 |

Regulatory assets under management: $4,918,360,031 in the October 2024 data and $7,304,940,802 in the October 2026 data, up 49%.
Total employees: 1 in October 2024 and 1 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $6,388,135,689 to $7,304,940,802 (+14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Carval CLO Management LLC (CRD 298135): Form ADV filing data as of October 2026.